PRIVATE ADVICES

Evening Post, Volume CXX, Issue 9, 10 July 1935, Page 14

PRIVATE ADVICES

ACTIVE GENERAL DEMAND

The Bank of New Zealand, produce department, has received the following advice from1 its, London' office under date July 9:— . The. sales have opened with-.strong competition and large attendance of buyers. There is an active demand by all branches of the trade. Compared with the close of last series merino is lid, fine crossbred Id, medium crossbred |d, coarse crossbred £d to id per Ib, all higher. KEEN COMPETITION. Levin and Co., Ltd.,1 have received the following cable from their. London agents,, dated July 9:—The auctions opened here today with a large attendance of Home and Continental buyers. Keen competition, particularly from Bradford.' As at present arranged the sales will close on July 25. Compared with the closing rates of last sale, we quote: Greasy merino, best ljd per lb higher,'average l£d; fine halfbreds, 50/56's, Id to lid; extra fine crossbreds, 48/50's, Jd; -fine, 46/48's, id; medium, 44/46's, id; coarse, 40/44 s, id; low, 36/40's, id; slipe halfbred lambs, id to id; medium and coarse slipes, id to jd; scoured merinos, Id, all higher. The total quantity available is 131,500 bales, including 60,000 from New Zealand. BRADFORD IN THE VAN. Wright, Stephenson, and Co., Ltd., and Abraham and Williams, Ltd., report having received cable advice from their London house regarding the London wool sales reading as follows:— The wool sales opened before a larger attendance of buyers than usual. Competition was animated, Bradford buyers being the chief operators though Continental buyers gave good support for mediumVcrossbred.wopl. The selection of wooriwlas*gbod. ?tt.s! compared with closing rates of last series greasy -hallbred was Id to Id higher; greasy; fine crossbred, ,fd~ 'higher; greasy medium crossbred, 3d higher; ■;'greasy ' coarse crossbred, id higher; slipes, 5 per cent, higher; scoured crossbred, 5 per cent, higher; Australian merino, 10 per-cent to 15 per cent. We quote the following average realisations:— Greasy fine halfbred, 56/58 yielding 64 per cent, Hid per lb; greasy halfbred, 50/56, .63 per cent., lOd; greasy fine three-quarter-bred, 48/50, 74 per cent, 83d;.greasy crossbred, 46/48, 75 per cent., 7 id; greasy medium, crossbred, 44/46, 7o per cent., 7d; greasy crossbred, 40/44, 76 per cent, 6id. ■ LARGE ATTENDANCE.Dalgety and Company, Limited.vrept;—Wool Or salt's • opened. Large attendance, good competition, average selection. Home trade principal operators. As compared with closing rates of last series:—Greasy merino, Id to 13d higher; scoured merino, Id to lid; greasy halfbreds, Id to ljd; scoured halfbreds, Id; fine greasy crossbreds, id to 3d; medium and coarse crossbred, -Jd to id; scoured crossbred, id to gd; slipes, $d to id, all higher. REPRESENTATIVE CATALOGUES. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following advice from its London house, dated June 9:—There "was a good attendance at the opening of the sales today, competition by Home and Continental buyers being keen. As compared with last sales' closing rates, prices are higher 2d to 2Jd per lb for greasy merino, higher Id to lid per lb for scoured merino, Id per lb higher for fine crossbred, and id per lb higher for medium and coarse greasy crossbred, also crossbred slipe. The opening catalogues were representative. OPENED WITH GOOD TONE. Murray, Roberts, and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, dated 9th instant:—"Sales have opened with a good tone, competition keen. Yorkshire buyers principal operators and buying freely. Continental buyers operating moderately. \ Compared with last London sale's closing rates, greasy merino, wool suitable for Yorkshire, advanced 15 per cent.; greasy merino, other descriptions, advanced 10 per cent.; scoured merino advanced 7J per cent.; crossbred greasy fine advanced 10 per cent.; crossbred greasy coarse to medium advanced 7i per cent.; slipe crossbred and crossbred scoured market firm.